Tag Archives: forecasting

Explain Advantages, disadvantages, and relative effectiveness of each method?

FINAL 3 In Chapter 3 you were introduced to an Overview of Forecasting Methods. You will have learned that there are two broad categories of forecasting. Review both of these methods and then explain: How these two forecasting categories differ? The principle forecasting methods employed in each category? Explain Advantages, disadvantages, and relative effectiveness of […]

What do you perceive as being the single greatest threat to the nation’s homeland security posture?

In forecasting over the next five years, what do you perceive as being the single greatest threat to the nation’s homeland security posture? Explain the reasoning for your selection. How well does DHS’ Fiscal Years 2020-2024 Strategic Plan address this threat? DHS’ Fiscal Years 2020-2024 Strategic Plan: https://www.dhs.gov/sites/default/files/publications/19_0702_plcy_dhs-strategic-plan-fy20-24.pdf

Describe the concept of operations functions, supply chain strategy, process selection,

 Interactive activity Describe the concept of operations functions, supply chain strategy, process selection, forecasting, capacity planning, production forecast methods and schedule operations. ·Demonstrate process-flow analysis, process design solutions, operations strategies, Inventory Control System and customer services in the business operation. 2.2 Action Required: Watch the short video in the following link https://www.youtube.com/watch?v=jL5bIev5Qw4 Explain the role […]

Give the TWO broad types of forecasting and give TWO synonyms or similar names of each of the main types of forecasting?

Logi1020: HMWK 8 1. Define forecasting? 2. Give the TWO broad types of forecasting and give TWO synonyms or similar names of each of the main types of forecasting? 3. Define intrinsic and extrinsic forecasting? 4. Define DEMAND and give TWO sources of determining demand? 5. Define with specific examples what is dependent demand and […]

Describe the type of demand forecasting model Walmart utilizes. Explain the strengths-weaknesses this model constitutes for your Walmart.

Demand forecasting model and the customer service approach of Walmart. Objective: This week’s assignment has you write a report describing the demand forecasting model and the customer service approach of Walmart. Assignment explain Walmart’s procurement approach. In your report, you should: · Describe the type of demand forecasting model Walmart utilizes. Explain the strengths and […]

What types of information systems does your organization utilize to support effective inventory management?

Question Set 1: (Forecasting) Does your organization use both qualitative and quantitative forecasting methods? What methods do you use to support your business with forecasting (examples: regression analysis, Delphi Method)? Is there a special team focused on forecasting, or is it a responsibility of each professional within your organization? Question Set 2: (Inventory Management) How […]

Discuss the necessity of short-term and long-term forecasting for developing the key elements of the business plan.

You will then write a four to five (4-5) page paper in which the following items are addressed. Discuss the necessity of short-term and long-term forecasting for developing the key elements of the business plan. Evaluate the importance of developing formal and informal networks when building new business opportunities and expanding into new markets. Discuss […]